116± Acres Double A BANKRUPTCY Deaf Smith County, TX

Brief Description

Prime Residential Development Land.  1 mile from proposed new K-12 school.  4/2 brick Home.

THIS PROPERTY IS BEING SOLD BY ORDER OF THE U.S. BANKRUPTCY COURT SOUTHERN DISTRICT OF TEXAS CASE NO. 15-20046-RLJ12  JERRY ARTHO/DBA ARTHO CATTLE

Auction Schedule 

Live On-Site Auction
Began: Friday, August 14, 2015 at 10:00 AM CDT

Location
Wyndham Garden Amarillo, 3100 I-40, Amarillo, TX 79102

Description:

Selling in 4 tracts

Tract DA-1, 29± acres with home and barns

Tract DA-2, 29± acres

Tract DA-3, 29± acres

Tract DA-4, 29± acres

Prime residential development land 1 mile from proposed new K-12 school.  4 br/2/ba brick home with 2-car garage.  Heat pump, hard wood floors, fireplace. 2047± SF.  RV/Hay barn.  2 shops, stable, lean-to, grainery, metal stud pens, wooden corral.  4 stock tanks.  Fences are improved.  25 HP electric pump.

All water, solar and wind rights convey.  Seller reserves all oil, gas and other mineral rights.

3 wells:  Santa Rosa irrigation well, 900± ft. deep, slightly artesian, 700± ft of fresh water, Ogallala irrigation well, 323 ± ft. deep.

Double A: Consisting of 116± acres out of the South half (S/2) of BLock 8, Section 36, SE/4, in Deaf Smith County, Texas.

Double A:  Wildorado Texas 1-40 and FM 809. 2 miles South on FM 809. 1/2 mile East on County Road 29. Same as County Road 29 and County Road AA.  Note: new K-12 school is 1/2 mile back West on County Road 29, 1/2 mile back North on FM 809.

Live Terms:

10% Down Day of Sale, 10% Buyer’s Premium, 45 Days to Close

In order for an entity or individual to become a Qualified Bidder on the date of the sale, such entity or person must obtain a bidder’s number by delivering a $10,000 check made payable to the Mullin, Hoard & Brown, LLP IOLTA Account.  Check shall be refundable to the Qualified Bidder unless such entity or individual becomes a successful high bidder on a particular parcel and such amount becomes the Auction Bid Price on that parcel.  In such event, a ten percent (10%) buyer’s premium shall be calculated on the Auction Bid Price, and added to the Auction Bid Price, and such sum shall become the Contract Purchase Price.  The $10,000 paid by the winning Qualified Bidder to obtain the bidder’s number shall be credited against the amount of earnest money required to hold the sale.

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